Chapter 13 Bankruptcy

Tampa Bay Chapter 13 Bankruptcy Attorney

Chapter 13 Bankruptcy can be used to stop a home foreclosure and get current on a home mortgage, pay back taxes or stop fees from accruing on tax debt.  In a Chapter 13 bankruptcy, a debtor proposes a repayment plan to creditors.  The repayment plan is usually set at either three or five years, depending on the case.  Similarly the amount to be repaid is determined by several factors including the debtor’s assets and disposable income. While certain debts like alimony, child support, student Loans are not dischargeable in bankruptcy, the Chapter 13 allows debtors who are in default on such obligation to get current over a 3-5 year period. Also, Chapter 13 Bankruptcy provides the option of an extended payment plan to individuals who have too many nonexempt assets to buy back within the short period of time that Chapter 7 allows.    

We can help you determine if you qualify for a Chapter 13 Bankruptcy, what the monthly payments would be, what debts can be discharged and the next steps to relieve your financial difficulties.  Our attorneys have many years of experience representing clients in bankruptcy.  Contact us today to schedule a free consultation.